Impairment losses on loans to cover possible bad debts (boxes 00323 and 00324)
When small entities apply this tax incentive under the terms of article 104 of the LIS , small companies must make the following adjustments in boxes [00323 ] and [00324] «Small companies losses due to deterioration credits insolvencies (art. 104 LIS)» on page 13 of model 200:
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In the box [00323] of increases, they must include the amount of the excess of the impairment losses recorded over the tax-deductible in the subject tax period of declaration.
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And in the tax period in which the reversal of the impairment losses occurs, said entities must include in the box [00324] of reductions the amount corresponding to said reversal.